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New York Attorney General Prompts Grand Marnier Foundation Directors to Return $1.5 Million in Compensation  


Author:  Staff Editors.


Source: Volume 03, Number 04, May/June 2004 , pp.15-15(1)




Family Foundation Advisor

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Abstract: 

The IRS is not alone in its fight against highly compensated staff and directors. In 2003, New York’s Attorney General announced his intention to review foundation returns to identify abuses. One of the first singled out for review was the Grand Marnier Foundation, an entity established in 1984 by Carillion Importers, a company holding exclusive rights to import Grand Marnier liqueur.

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